Audit Firm in Switzerland

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A specialized auditing firm based in Switzerland.

To comply with local legislation, companies may be required to have a statutory audit of their year-end figures conducted by a licensed audit firm. A financial audit is mandatory when at least two of the following three criteria are met for two consecutive years:

  • The value of assets exceeds 7,5 million euros
  • The net turnover is in excess of 15 million euros
  • The company has over 50 employees

Financial Investigation by order of the regulator of the financial markets

Audit Fid SA recently conducted an extensive financial audit for a financial market regulator, thoroughly examining 83 broker companies. Through the development and implementation of a customized action plan, we ensured a comprehensive regulatory compliance check for all entities involved.

Trusted audit firm for international companies

As a renowned audit firm in Switzerland, we are well-versed in statutory audits for international companies. When banks, investors, local authorities, or other stakeholders require an audit, we conduct a thorough examination that provides maximum assurance. Certain situations, such as legal mergers, necessitate an auditor’s opinion, often requested by insurance companies.

Our firm specializes in assisting international companies in complying with Swiss laws and regulations regarding audits. In fact, Audit Fid SA Switzerland is the only firm in the country focused on helping and supporting international companies with the majority of their operations outside Switzerland.

Even if the criteria for mandatory audits are not met, stakeholders can still request financial audits. Whether mandatory or voluntary, you want to partner with an experienced and reliable firm. Over the years, we have built a strong reputation and established valuable, long-term relationships, becoming the trusted audit firm for many clients in Switzerland.

Financial audits are complex, and regulations frequently change. The specialists in our firm undergo continuous training to maintain up-to-date knowledge in all relevant areas. Our auditors can seamlessly integrate into any organization, working independently while collaborating effectively with all stakeholders and maintaining their integrity.

Extensive knowledge of all holding structures

The legal framework and tax environment make Switzerland an appealing location for international companies to establish their holdings. However, this means that any international company based or operating in Switzerland must adhere to both international and national laws and regulations. Our audit firm’s experts possess extensive knowledge of various holding structures and can ensure that your financial administration is fully compliant. As specialists in all types of firms, we provide much more than just an annual audit.

We recognize the needs of internationally oriented companies and are here to support their growth. Acting as a group auditor, we are the only audit firm in Switzerland that offers services in areas such as risk management, compliance, and beyond. We speak your language, understand your challenges, and are here to guide you through them.

Assurance

How our auditors can help you

Other non-audit services that auditors can provide are also regulated. Examples of such services include:

  • Auditing condensed financial statements
  • Conducting audits of historical financial summaries
  • Reviewing interim financial information prepared by the independent auditor
  • Providing assurance reports on historical financial information beyond standard audit engagements
  • Investigating future financial information, such as business plans, financial projections, and valuations
  • Performing agreed-upon procedures

1. What is an audit?

Usually associated with financial audits, an audit is the process of examining and evaluating the financial statements of an organization in order to determine whether the financial statements truly reflect the transactions occurred during the year and the economic health of the organization.

Audit Fid SA recently conducted an extensive financial audit for a financial market regulator, thoroughly examining 83 broker companies. Through the development and implementation of a customized action plan, we ensured a comprehensive regulatory compliance check for all entities involved.

We performed an in-depth financial audit for a rapidly growing tech startup, uncovering discrepancies and streamlining their financial processes. As a result, the startup secured crucial investor funding and improved its financial transparency.

The collaboration between regulators and auditing firms is a critical element of effective financial regulation. Auditing firms ensure the accuracy of financial statements, monitor compliance with regulatory requirements, detect and prevent fraud, improve corporate governance quality, provide independent assessments, and support investigations. All of these factors contribute to strengthening transparency, trust, and stability in the financial system.

This depends on which country as each has its own requirements. Switzerland for example has the following requirements; A financial audit is mandatory when at least two out of the following three criteria are met (for two consecutive years):

  • The value of assets exceeds 6 million euros
  • The net turnover is in excess of 12 million euros
  • The company has over 50 employees

Regular audits are an integral part of successful business operations. They ensure the accuracy of financial statements, help comply with legal requirements, detect errors and fraud, enhance management efficiency, increase investment attractiveness, support managerial decision-making, and strengthen the company’s reputation. Ignoring audits can lead to serious consequences, so it’s important to view them as a strategic tool for ensuring long-term success and sustainable business growth.

An audit is a systematic process of reviewing a company’s financial statements and operations to ensure their accuracy, reliability, and compliance with legal requirements. Many business owners and entrepreneurs might underestimate the importance of audits, but regular auditing plays a critical role in the success and sustainable growth of a company. Here are several reasons why conducting an audit is essential for any organization.